Samsung won’t be buying Tidal, company confirms

Samsung has come forward and told Variety that it has no plans to purchase Jay Z’s Tidal music streaming service, despite rumors suggesting otherwise.

Previously, we reported on news that Samsung and Google had expressed an interest in picking up the music group, according to sources familiar with the matter speaking to the New York Post.

Imaginations were running wild late last year when Jay Z was spotted exploring Samsung’s campus to chat with company executives.

Those whispers have now been laid to rest, however, as an exclusive report from Variety sees a Samsung spokesperson dismissing the claim, saying: “The rumor of Samsung acquiring Tidal is not true”.

Jay Z purchased Tidal around a year ago from Aspiro; however, the New York Post has reported on financial struggles for the group that are ‘only getting worse’. Just recently, Jay Z and Tidal were in the spotlight for all the wrong reasons through a large class action lawsuit.

Whilst it’s fair to say that Tidal has been through its rough patches due to issues with management and other problems behind the scenes, the service has been boosted on several occasions thanks to a number of exclusive album releases.

Variety reports that around one million users signed up for a free Tidal trial after Rihanna’s “Anti” album was uploaded days before it was released anywhere else. Kanye West’s “The Life of Pablo” record was also a big-hitter for Tidal.

Even though Tidal is currently valued at an estimated $100 million, it looks like Samsung is staying away for now.

After three years studying at the University of Winchester, Tom graduated with a journalism degree under his belt. A couple of work placements out in the real world at PC Advisor and the BBC taught him that journalism is pretty fun, and a couple of months later he joined the team at Phonecruncher, then signing up with TalkAndroid. Tom would be the first to admit he spends far too much time worrying about Arsenal FC results and watching strange videos on YouTube.

tabatt13

Tidal is a disaster. It’s a smart move for Samsung to stay far away from it.

Justin_Herrick

And I don’t know about you, but I think Milk Music is pretty good on its own.

tabatt13

I use Google Play music & Amazon Prime music. from what I’ve read Milk music may not be around much longer. You may want to start looking for an alternative.

Justin_Herrick

Oh, I use Google Play Music on my devices. I was just saying that Milk Music is a pretty good free solution (if you have a Samsung device).